Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 7. (Read 1445 times)

I still have to prioritize bitcoin over altcoins but it does not mean that I won’t be investing in altcoins anymore. Altcoins are just an alternatives to bitcoin, so by putting a bigger allocation for bitcoin and then the remaining small amount will be for altcoins. That way, I can maximize my profits through bitcoin when bull run is happening, and will never miss some profits for potential altcoins as well. Diversification is a must for me. If not for altcoins, then probably bitcoin mixed with stocks or real estate, that would be impressive investments I know.

I like yur idea Op it is a very good and low risk strategy for next crypto bull run, but it will work fine for experienced people they can speculate with high probability when to borrow or and move towards altcoin.

Holding BTC to me is gold, Altcoins are cool to buy but not at the expense of BTC, but borrowing, using BTC is just another wonderful idea but what happens when the there is a flash crash like we see these days, it means your BTC has evaporated and then the Altcoin still remains, this to me is another way of selling BTC to buy Altcoins which I detest greatly. So, I'll just stick with holding my BTC

From your expectation it seems that you are looking for the really high returns that are going to be life changing. Your starting investment it a good size to be split up into multiple coins and at least for me I would always prefer to reduce my overall risk instead of aiming for the highest possible returns. The next step for you is to take out loans to make even higher returns, which is a great move to the maximise returns. However, in case you are wrong and the market turns against you than you are going to lose your money twice. First in the market and the second time when you have to repay the loan. For me taking out loans for investing is too risky, I can't handle the stress with high volatility and will stick to only invest money that I already saved before. So, if you are really going for the highest possible returns than the Bitcoin market seems as not enough for you and it would be better to focus on Alt coins. In the alt coin market, the volatility is much higher which can lead to much higher price jumps. As long as you can handle bigger price swings then I would be allocating most of your money in the Alt coin market.

If you're really into Altcoins then you should definitely give enough time to research and testing because many times top 10 altcoins also got devalued without any warning. I would encourage you to study the case of Terra Luna because once that coin was also among the top 10 cryptocurrencies but in a week it lost most of its value and many investors have lost a lot of their investment due to Luna crash.

There have been other cases where top 10 altcoins suffered such devaluation and that's why I recommend you to be careful when investing in altcoins even if the chances of success may seem higher in one or two of them but still we can't trust that what will happen with an altcoin. I would encourage you to invest in Bitcoin only if you want to be on the safe side because Bitcoin will most probably get higher in value during the bull run.

If you still want to go with the altcoins then I recommend you to stick with the ones that have been doing great for many years. Some people may recommend you to go with Arbitrum or Polygon (MATIC) but I think those are still new in market and both of them can suffer huge value drops. I'm sure that if you diversify your $30k on ETH, BNB, LTC, Doge, and to some extent XRP, then you'll still be safe from losing your capital. The XRP may not get much higher in value but it's the safest among all of those because it will continue to survive in next bull run.

Yes, a agree with you that for newbies who intend to invest in crypto, Bitcoin should be their choice, whereas for experience crypto investors who intend to take risk, then altcoin should be their best try, since the truth of the fact is that altcoins are always more volatile compared to Bitcoin, and it will be of more harm for a clueless newbie to jump into it without prior knowledge of knowing how it operates, which as time goes on, likely to gain more knowledgeable about investing in Bitcoin.

Taking consideration about the halving, it is the right time to make your entry into the market. Having a diversified investment seems to be fair than going on a single cryptocurrency. This means the trend will be followed by the altcoins. Based on the movement of bitcoin will be the move of altcoins. In such manner we'll be able to experience the best when we have diversified investment. The market is at the bear and making use of the opportunity and holding will give the best return close to halving.

The method you have just presented is really good and could work effectively if the investor knows exactly what to do. However, it does require an initial investment to generate profit. This profit can then be reinvested in altcoins as you mentioned already. Personally, I would allocate more of my investment towards Bitcoin than altcoins. I believe that Bitcoin's price has the potential to hugely increase in the next few years and would make me be in a huge an insane profit.

People could just purchase Bitcoin now and hold onto it until it reaches a new ATH. At that point, they could sell a portion of their Bitcoin holdings and use the proceeds to purchase some altcoins for trading. There are numerous strategies one could adopt, but the most suitable approach largely depends on the investor's preferences and goals.

In cryptocurrency investment people do go for a currency that have a good reputation during investment, comparing altcoins and bitcoin they are different currency and they way I'm seeing bitcoin its what people values more for investment, while bitcoin is been valued is because whenever you purchase bitcoin  and their is a bearish market in cryptocurrency the bearish market does not go along with to the extent of making bitcoin to die, but in altcoins, some of the altcoins doesn't survive long time bearish market and any of the altcoins that doesn't have potential do die on the process, so that is its good to invest in altcoins.

Bitcoin will always be the prime concern because of its higher cost although its down at the moment but this is also a good time to grasp it for longer time. Altcoins can also be profitable but as the profit is higher so chances of going down in a second is also realisable so selection with sharp mind is needed.

There are lots of people who cannot buy bitcoin due to higher price so they will prefer altcoins as its return is very huge if the market is going in upward direction. Actually no coins is trusted to be higher in future as market is not straightforward but bitcoin is suitable as compared with other altcoins.

All of this is just your assumption, and there is no certainty that these plans you think of will happen In short, it is still your opinion that still has risks attached. Because no one really knows what will happen in the future, and you know that.
What you're saying is also a bit difficult, what if your expectations don't come true? You will have more problems because of that interest. Then there is still no certainty that by next year the bull run will actually happen, that's just the claim of others that entering 2024 will be a bull run. But it's not certain yet, that's the truth.

Much depends on how much a beginner can invest. If the funds allow, he can split the funds and buy bitcoin and some altcoins, but the choice of altcoins is a complex process and can lead to both making good profits and losing funds. If there is no proper knowledge, then altcoins can only lead to a loss of money, in which case Bitcoin will be a more reliable choice. When I was a beginner I chose altcoins, but I couldn't take profits when I needed to, so there are a lot of complexities besides choosing what to buy.

It depends on the amount of capital that one has to invest, if you have something less than $100, I suggest sticking to 100% in Bitcoin just to begin with and if you are a newbie, learn and watch out how the industry goes to gain experience and by then you will have to know if investing in Altcoins will interest you.

Then for someone who has more than $100 to invest, 70% into Bitcoin seems good and the remaining 30% should be risked into any Altcoin of your choice.


 

If you consider bitcoin an an investment opportunity for this coming bullrun then you're on the right track, if you invested on altcoins then you're going for risk in which it's outcome could not be predicted, you may expect them to experience bullrun while the outcome may turns bearish for any altcoins invested, to remain safe you should maintain what you have certainty about which is bitcoin and avoid avoid any risk that will later lead to scam and loss of asset

If op wants to make high profit and take high risk then can go with Altcoin. But if he wants a safe investment then he must go with Bitcoin. Bitcoin is a potential currency that can definitely be profitable if held for a long time.  However, holding altcoins can sometimes be seen as scams. As we have seen before Luna and FTX have a big crush. However, this is not the case with Bitcoin.  So in my personal opinion the op is better to go with Bitcoin for the next bull run cycle as a safe investment. However, investing in Bitcoin is also risky.  But there is much less risk compared to altcoins

That's unfortunate but very much true that price of Alts are very much hooked with Bitcoin and till date we have seen that Alts are unable to make a move on there own. There are hundreds and thousands of Alts listed on CMC but hardly top 20 or 30 are worthy for investment. Alts are just like part of bitcoin, so it's better to invest in bitcoin which has more turnaround and moves the crypto market.

Bitcoin will lead the way so I guess it would be best to prioritize it however, it will never be advisable to put all of your money in one bucket, much better to diversify and with that  choose the biggest ones in the market coz these coins are having higher chances to ride the wave once bulltrend occurs. But be careful on your entry point; never be too patient and never be in a rush, wait for the 'right timing'. Right timing for me is at a price point wherein you can endure both pump and dump to save you from worries.

Also, if you're interested with some altcoins, expect high market price volatility  higher than usual  when bull run starts. At the end of the day, decision is in your hand so better create your best analysis to avoid regrets afterwards.

It's rare to see a first timer on crypto that will buy a whole bitcoin on the current market prices. Most of newbies are only buying small portions to at least call themselves as investors. I myself is also recommending bitcoin for newbies because it carry lesser risk compare to other altcoin in the market but if we are talking about the possible profit we can get from the investments, altcoins would be the choice, of course not all altcoin will have the same standing on profit potential.

Always remember to not put all your eggs in the same basket, diversification is the key.

There is money to be made from both, but you will expose yourself to more risks with altcoins, I just feel like this is the best time to start accumulating altcoins too, some will be 100x and some will be 1000x but many more will not survive on the long run, just understand that investing in altcoins has a big disadvantage over investing in Bitcoin.

The volatility of the crypto market affects altcoins more than Bitcoin, so invest less into altcoins since they are more risky and invest more in Bitcoin.

I invested 60% of my money into Bitcoin and 40% into altcoins, and I keep this going since I am still accumulating both every weeks and months.

You mean if Bitcoin makes a move to the downside, all altcoins will follow and they will lose more, I understand you perfectly, but do you know that few altcoins have done really well since the beginning of this bear market? And today they are still in very good hands?

When everything was crumbling, few numbers of altcoins are doing very well, such projects can do really well in a bull market, related to each other my foot.

Once you find the altcoin very early you will never see a new lows for such altcoin anymore, for example those that are getting into launchpads are still doing well, they are mostly up 3x and more, like Arbitrum, SUI, SEI and few others.

Let's also look into Kaspa, no ICO or anything, in July 2022 when every where is bleeding badly, kaspa was at 0.0002$ and today it's 0.035$, do your math, those who bought in 2022 are already in gains that can only be possible in a bull market.

There are many others, I haven't seen Vaiot making a new lows yet either, now even PYR, cos I was waiting, as bad as altcoins may seems, few of them are very good, all that matters is entry point, buying early before the hoards.

Just because Bitcoin bleeds does not mean all altcoins get ruined, all because they are crypto projects.